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Below is Pre budget views By Mr. Aditya Damani, Founder & CEO of Credit Fair

"In the Union Budget 2023, the government needs to prioritise cutting down the fiscal deficit target and controlling inflation. At the same time, it needs to continue with the capital expenditure to facilitate broad-based economic growth. From the NBFC sector point of view, the government also needs to maintain stability in the interest rate increase so that the sector which has been playing significant role in addressing the credit under-penetration in the markets doesn't experience a phase of sluggish growth due to rising borrowing cost, going forward. In addition, the budget needs to propose measures to encourage banks to increase green funding and offer liquidity support to the NBFCs in the renewable energy and electric mobility segments to ensure a sustainable economic growth and build a pathway to achieve renewable energy goals. The budget should propose a framework for leveraging the global green bond market to attract private investments. The government also needs to continue with the subsidies to promote green energy adoption at the consumer level.